12 May 2017quarterly activities report▼ Bad
Jagged Peak Energy Inc. reported a quarterly net loss of $465.9 million for the period ended 2017-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 May 2017director interest notice● Neutral
Jagged Peak Energy Inc. EVP, GC & Secretary Christopher Humber acquired 27,529 shares and disposed of 7,091 in a set of related equity transactions.
18 Apr 2017director interest notice● Neutral
Jagged Peak Energy Inc. director Michael C Linn received 13,936 shares as part of the equity award.
18 Apr 2017director interest notice● Neutral
Jagged Peak Energy Inc. EVP, Land & Acquisitions Mark R Petry received 27,529 shares as part of the equity award.
18 Apr 2017director interest notice● Neutral
Jagged Peak Energy Inc. director James J. Kleckner received 13,936 shares as part of the equity award.
18 Apr 2017director interest notice● Neutral
Jagged Peak Energy Inc. director John R Sult received 13,936 shares as part of the equity award.
18 Apr 2017director interest notice● Neutral
Jagged Peak Energy Inc. Chairman, CEO & President Joseph N Jaggers received 103,235 shares as part of the equity award.
18 Apr 2017director interest notice● Neutral
Jagged Peak Energy Inc. director Roger L Jarvis received 13,936 shares as part of the equity award.
18 Apr 2017director interest notice● Neutral
Jagged Peak Energy Inc. EVP, CFO Robert William Howard received 51,617 shares as part of the equity award.
18 Apr 2017director interest notice● Neutral
Jagged Peak Energy Inc. Controller Shonn D. Stahlecker received 9,979 shares as part of the equity award.
18 Apr 2017director interest notice● Neutral
Jagged Peak Energy Inc. EVP, GC & Secretary Christopher Humber acquired 49,752 shares and disposed of 9,992 in a set of related equity transactions.
6 Mar 2017director interest notice● Neutral
Jagged Peak Energy Inc. officer Joseph N Jaggers received 6,649,897 shares as part of the equity award.
7 Feb 2017asset acquisition disposition● NeutralMajor
The IPO closed on February 1, 2017: 31,599,334 shares at $15.00, including 3,266,000 shares sold by selling stockholders. This completes the offering described in the prior filing. The company also signed a registration rights agreement and a stockholders agreement. Under the stockholders agreement, Q-Jagged Peak directs the votes of management's 23,197,842 shares (about 10.9%) and can nominate a majority of directors while it holds at least 50%. A new five-year revolving credit agreement (Wells Fargo as agent) has an initial borrowing base of $180.0 million, with a maximum of $1.0 billion subject to the borrowing base. Management's unvested equity is held through Management Holdco and vests in three annual installments.
3 Feb 2017director interest notice● Neutral
Jagged Peak Energy Inc. officer Joseph N Jaggers received 6,649,897 shares as part of the equity award.
3 Feb 2017director interest notice● Neutral
Jagged Peak Energy Inc. officer Robert William Howard received 1,789,926 shares as part of the equity award.
3 Feb 2017director interest notice● Neutral
Jagged Peak Energy Inc. Controller Shonn D. Stahlecker acquired 532,660 shares and disposed of 69,653 in a set of related equity transactions.
3 Feb 2017director interest notice● Neutral
Jagged Peak Energy Inc. director Q-jagged Peak Energy Investment Partners, LLC acquired 147,907,432 shares and disposed of 1,570,406 in a set of related equity transactions.
3 Feb 2017director interest notice● Neutral
Jagged Peak Energy Inc. officer Gregory S. Hinds acquired 3,739,444 shares and disposed of 543,294 in a set of related equity transactions.
3 Feb 2017director interest notice● Neutral
Jagged Peak Energy Inc. director James J. Kleckner bought 20,000 shares on the open market at $15.00.
3 Feb 2017director interest notice● Neutral
Jagged Peak Energy Inc. director John R Sult bought 25,000 shares on the open market at $15.00.
3 Feb 2017director interest notice● Neutral
Jagged Peak Energy Inc. director S Wil Vanloh Jr. acquired 147,907,432 shares and disposed of 1,570,406 in a set of related equity transactions.
3 Feb 2017director interest notice● Neutral
Jagged Peak Energy Inc. officer Mark R Petry acquired 1,560,338 shares and disposed of 235,427 in a set of related equity transactions.
31 Jan 2017asset acquisition disposition▲ GoodMajor
Ahead of the IPO closing, Jagged Peak Energy Inc. signed the agreements that set up the public company. Under a Master Reorganization Agreement, the existing owners of Jagged Peak Energy LLC and a management holding company will receive 174,367,454 and 10,236,958 common shares, and the LLC becomes a wholly owned subsidiary. An underwriting agreement (Citigroup, Credit Suisse, J.P. Morgan) covers 31,599,334 shares at $15.00 (28,333,334 from the company, 3,266,000 from selling stockholders), with expected company proceeds of about $397.1 million. The filing says part of the proceeds will repay the credit facility in full and the rest will fund part of the 2017 capital program. Five directors were appointed and a 2017 Long Term Incentive Plan was adopted. Q-Jagged Peak is expected to own 68.7% after closing.
30 Jan 2017securities registration● Neutral
Jagged Peak Energy Inc. filed the final prospectus for a registered offering.
30 Jan 2017director interest notice● Neutral
Jagged Peak Energy Inc. director Roger L Jarvis bought 10,000 shares on the open market at $14.15.
27 Jan 2017securities registration● Neutral
Jagged Peak Energy Inc. filed a free-writing prospectus - marketing material for an offering in progress.
26 Jan 2017director interest notice● Neutral
Blake A. Webster became a Jagged Peak Energy Inc. director and company insider (initial ownership filing).
26 Jan 2017director interest notice● Neutral
S Wil Vanloh Jr. became a Jagged Peak Energy Inc. director and company insider (initial ownership filing).
26 Jan 2017director interest notice● Neutral
Roger L Jarvis became a Jagged Peak Energy Inc. director and company insider (initial ownership filing).
26 Jan 2017director interest notice● Neutral
Shonn D. Stahlecker became a Jagged Peak Energy Inc. Controller and company insider (initial ownership filing).